Month: December 2011

LIC OF INDIA is the largest life insurance company with more than 48 policies inforces as on today. There are different forms available with different LIC POLICIES. Form no 300 is most common form used to insure people of age group 18 and above.

You can download

 Form 300

free of cost.

 Note:- Other forms related to LIC OF INDIA can also be downloaded from LIC HELPLINE.

 

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NRI’s & Foreign National of Indian origin can definitely take LIC POLICY and they can continue it in any country.

Also

Green Card holder can also take LIC POLICY. Green Card Holder is a person with nationality of foreign country and LIC OF INDIA will consider him under the category of Foreign National of Indian origin as mentioned above.

For more details you can visit LICHELPLINE .

Note:-

1) Insurance will be allowed to Foreign Nationals of Indian origin only to their visit in India & and the policy will be issued in Indian currency with maximum sum insured of Rs 50 lacs or of Rs 5 million.

2) Even Foreign Nationals of Foreign Race can also take LIC POLICY but rights to issue any such policy vest with Central Office of LIC OF INDIA.

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Any Traditional policy of LIC OF INDIA can be surrendered only after 3 years from DOC ( Date of Commencement) of the LIC POLICY. In ordered to surrender the LIC POLICY, the LIC POLICYHOLDER needed to submit the surrender form duly signed by the POLICYHOLDER on the 1st and 2nd page( sign on the 2nd page should be across the revenue stamp) along with the LIC POLICY BOND at the home branch.

                           The surrender form can be downloaded from

                                       Surrender form, form no. 5074.

Note:- LIC POLICY can be surrendered only at the home LIC BRANCH from which the LIC POLICY belongs to.

[youtube]http://www.youtube.com/watch?v=VpgZRBxFD7Q&feature=youtu.be[/youtube]

 

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LIC OF INDIA is the biggest life insurance company in India operating since 1956 with more than 2000 branches and offices. To change a LIC BRANCH for your LIC POLICY is very easy. Simply write the mail or give a written request to your home LIC BRANCH mentioning the name of the new LIC BRANCH and your LIC POLICY will be shifted from your old LIC BRANCH to new LIC BRANCH which you demanded.

Note:

1) . In LIC OF INDIA each branch has a name either simply numeric like 122 or 91 or 113 or any number something like that. Sometimes you will find the name of the LIC BRANCH will be the combination of numberic letters followed by English alphabets like 11A or 91P or 11P etc.

2). LIC BRANCH is usually written on your FIRST PREMIUM RECEIPT and also on the LIC POLICY bond.

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